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FQ
First Quadrant Portfolio holdings
AUM
$18M
1-Year Est. Return
24.2%
This Fund
S&P 500
This Quarter
Est. Return
+3.45%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
-$377M
(-26%)
Cap. Flow
-$409M
Cap. Flow
% of AUM
-38.51%
Top 10 Holdings %
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sunstone Hotel Investors
SHO
|
+$7.98M |
| 2 |
Idacorp
IDA
|
+$7.48M |
| 3 |
First Industrial Realty Trust
FR
|
+$6.91M |
| 4 |
Essent Group
ESNT
|
+$6.26M |
| 5 |
eBay
EBAY
|
+$6.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$32.9M |
| 2 |
Mastercard
MA
|
+$16.9M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$11.9M |
| 4 |
Microsoft
MSFT
|
+$11.2M |
| 5 |
JPMorgan Chase
JPM
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.95% |
| 2 | Technology | 14.15% |
| 3 | Consumer Discretionary | 10.75% |
| 4 | Healthcare | 10.26% |
| 5 | Industrials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
CoStar Group
CSGP
$12.2B
| $178K | 0.02% |
3,000
-6,360
| -68% | -$381K |
|
427
AutoNation
AN
$7.7B
| $177K | 0.02% |
3,500
-9,900
| -74% | -$466K |
|
|
TWTR
428
DELISTED
Twitter, Inc.
TWTR
| $177K | 0.02% |
4,297
-39,391
| -90% | -$1.61M |
|
429
Best Buy
BBY
$19B
| $174K | 0.02% |
2,515
| – | – |
|
430
Sprouts Farmers Market
SFM
$7.44B
| $174K | 0.02% |
8,989
-59,415
| -87% | -$1.09M |
|
|
WBA
431
DELISTED
Walgreens Boots Alliance
WBA
| $174K | 0.02% |
3,153
-18,603
| -86% | -$997K |
|
|
ATH
432
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $172K | 0.02% |
4,100
| – | – |
|
433
Chubb
CB
$140B
| $171K | 0.02% |
1,057
-58,703
| -98% | -$9.08M |
|
434
Cheniere Energy
LNG
$54.2B
| $170K | 0.02% |
2,700
| – | – |
|
435
Bristow Group
VTOL
$1.33B
| $170K | 0.02% |
8,050
-7,950
| -50% | -$153K |
|
436
Eli Lilly
LLY
$1.08T
| $168K | 0.02% |
1,500
| – | – |
|
437
Darden Restaurants
DRI
$24.3B
| $166K | 0.02% |
1,400
| – | – |
|
438
First Interstate BancSystem
FIBK
$3.67B
| $165K | 0.02% |
4,099
| – | – |
|
439
Clean Energy Fuels
CLNE
$416M
| $163K | 0.02% |
78,800
-16,500
| -17% | -$38.4K |
|
440
Altria Group
MO
$125B
| $160K | 0.02% |
3,900
-3,600
| -48% | -$166K |
|
441
American Electric Power
AEP
$70.4B
| $159K | 0.02% |
1,700
| – | – |
|
442
CVS Health
CVS
$135B
| $158K | 0.01% |
2,500
| – | – |
|
|
CTRA
443
DELISTED
Coterra Energy
CTRA
| $156K | 0.01% |
8,890
-82,470
| -90% | -$1.58M |
|
444
Fabrinet
FN
$14.9B
| $154K | 0.01% |
2,944
-36,100
| -92% | -$1.89M |
|
445
Marriott International
MAR
$100B
| $154K | 0.01% |
1,236
| – | – |
|
446
Rush Enterprises Class B
RUSHB
$6.14B
| $154K | 0.01% |
8,656
-2,934
| -25% | -$51K |
|
447
American International
AIG
$42.5B
| $150K | 0.01% |
2,700
| – | – |
|
|
VG
448
DELISTED
Vonage Holdings Corporation
VG
| $150K | 0.01% |
13,300
-194,900
| -94% | -$2.48M |
|
449
Grocery Outlet
GO
$904M
| $149K | 0.01% |
+4,300
| New | +$163K |
|
450
Canadian Imperial Bank of Commerce
CM
$106B
| $148K | 0.01% |
3,580
-946
| -21% | -$37.2K |
|
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FFIM
First Quadrant's Q3 2019 Portfolio in Review
As of Q3 2019, First Quadrant held 733 positions worth $1.06B, down 26% from $1.44B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
First Quadrant withdrew a net $409M in Q3 2019, closing 154 positions and reducing 269 holdings. Its most notable exit was Thermo Fisher Scientific, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, First Quadrant opened a new position in Avient worth $5.75M.
- First Quadrant's largest Q3 2019 buy was Avient: 176,119 shares worth $5.75M.
- First Quadrant added most to Sunstone Hotel Investors in Q3 2019, an estimated $7.98M increase.
- First Quadrant's biggest Q3 2019 reduction was Vanguard Real Estate ETF, cutting an estimated $32.9M.
- First Quadrant fully exited Thermo Fisher Scientific in Q3 2019, selling an estimated $11.9M.
- First Quadrant's ten largest holdings make up 27% of its $1.06B portfolio in Q3 2019.
- First Quadrant opened 39 new positions and closed 154 in Q3 2019.
- First Quadrant's portfolio value fell 26% quarter-over-quarter to $1.06B.
Based on First Quadrant's 13F filing for Q3 2019, filed 25 Oct 2019.